Secondary Recommendation

Land of Leather - Aggressive store opening program

December 2006

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

Shares in Land of Leather (FT: General Retailers), a fast growing leather upholstery retailer, have put on a sparkling performance since their introduction to the full list by broker Investec last July. After issuing several upbeat trading statements, the company, which raised £17m net new money, has seen its shares nearly double from their 149p placing price. Indeed, there appears to be a realistic chance that it will even surpass the outstanding performance of larger rival SCS Upholstery, 543p, whose own shares have more than tripled in the past five years. Land of Leather certainly has a talented and experienced management team behind it, with founder and ceo, Paul Briant, originally building national furniture player, K ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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